GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil States International Inc (NYSE:OIS) » Definitions » EBIT

Oil States International (Oil States International) EBIT

: $25.4 Mil (TTM As of Dec. 2023)
View and export this data going back to 2001. Start your Free Trial

Oil States International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $9.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $25.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oil States International's annualized ROC % for the quarter that ended in Dec. 2023 was 3.31%. Oil States International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oil States International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.19%.


Oil States International EBIT Historical Data

The historical data trend for Oil States International's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oil States International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -222.83 -520.07 -63.01 6.51 25.39

Oil States International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.99 6.15 3.48 6.38 9.39

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Oil States International's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oil States International EV-to-EBIT Distribution

For the Oil & Gas industry and Energy sector, Oil States International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Oil States International's EV-to-EBIT falls into.



Oil States International EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $25.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Oil States International  (NYSE:OIS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Oil States International's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=31.32 * ( 1 - 3.76% )/( (909.679 + 913.5)/ 2 )
=30.142368/911.5895
=3.31 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Oil States International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=37.552/( ( (301.148 + max(218.986, 0)) + (302.359 + max(216.317, 0)) )/ 2 )
=37.552/( ( 520.134 + 518.676 )/ 2 )
=37.552/519.405
=7.23 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(137.02 + 206.541 + 36.015) - (85.437 + 50.37 + 24.783)
=218.986

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128.405 + 202.027 + 35.648) - (85.875 + 36.757 + 27.131)
=216.317

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Oil States International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=25.394/489.231
=5.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Oil States International EBIT Related Terms

Thank you for viewing the detailed overview of Oil States International's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Oil States International (Oil States International) Business Description

Traded in Other Exchanges
Address
Three Allen Center, 333 Clay Street, Suite 4620, Houston, TX, USA, 77002
Oil States International Inc is a provider of manufactured products and services to the energy, industrial and military sectors. Manufactured products include engineered capital equipment as well as products consumed in the drilling, well construction and production of oil and natural gas. The company sells its products and services to national oil and natural gas companies, oil and natural gas companies, onshore and offshore drilling companies and other oilfield services, defense and industrial companies. The company operates through three business segments, Offshore/Manufactured Products, Well Site Services and Downhole Technologies.
Executives
Philip Scott Moses officer: Executive VP,Offshore Products 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002
Denise Castillo-rhodes director 8847 W. SAM HOUSTON PKWY. NORTH, SUITE 200, HOUSTON TX 77040
Christopher E Cragg officer: Vice President Tubular Service
Christopher T Seaver director 3300 NORTH SAM HOUSTON PKWY EAST, HOUSTON TX 77032-3411
Cindy B Taylor officer: SVP and CFO
Brian E. Taylor officer: VP, Controller & CAO P.O. BOX 60068, HOUSTON TX 77205-0068
Lias Jeff Steen officer: Vice President, HR & Legal 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002
Van Kleef William T director
Hallie A. Vanderhider director 600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Darrell E Hollek director 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
E Joseph Wright director 550 WEST TEXAS AVENUE, SUITE 1300, MIDLAND TX 79701
Robert L Potter director
Lawrence R Dickerson director 15415 KATY FREEWAY STE 100, HOUSTON TX 77094
B.v. Geodynamics 10 percent owner C/O LIME ROCK MANAGEMENT, 274 RIVERSIDE AVENUE, SUITE 3, WESTPORT CT 06880
Lloyd A Hajdik officer: Executive VP, CFO & Treasurer 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002

Oil States International (Oil States International) Headlines

From GuruFocus

Oil States Announces Third Quarter 2022 Earnings Conference Call

By GlobeNewswire GlobeNewswire 10-18-2022

Oil States Announces Fourth Quarter 2022 Earnings Conference Call

By Stock market mentor Stock market mentor 02-06-2023

Oil States Announces Third Quarter 2021 Earnings Conference Call

By Marketwired Marketwired 10-19-2021

Oil States Announces First Quarter 2023 Earnings Conference Call

By Business Wire Business Wire 04-17-2023

Oil States Announces First Quarter 2021 Earnings Conference Call

By Marketwired Marketwired 04-19-2021

Oil States Announces First Quarter 2022 Earnings Conference Call

By GuruFocusNews GuruFocusNews 04-18-2022

Oil States Announces Third Quarter 2021 Earnings Conference Call

By GlobeNewswire GlobeNewswire 10-19-2021